Cedi

The Federal Reserve Reassesses Inclusive Jobs Goal in Strategy Review

4 days ago

In a significant turn of focus, the Federal Reserve is currently engaged in an in-depth strategy review, examining whether its inclusive jobs goal might be too ambitious. This reevaluation comes amid ongoing discussions regarding the central bank's role in ensuring that the benefits of economic growth are equitably distributed among all segments of the workforce.

Ghana Engages in Crucial Talks with IMF to Fine-Tune Economic Recovery Program

8 days ago

In a significant development for Ghana’s economic landscape, President Nana Addo Dankwa Akufo-Addo announced that the nation is currently in discussions with the International Monetary Fund (IMF) to refine its economic recovery program. This dialogue arises as Ghana grapples with a severe economic crisis, characterized by increasing inflation rates and a struggling currency.

China Leverages Tungsten Dominance in Trade Tensions

18 days ago

In a strategic move reminiscent of the ongoing global trade frictions, China has utilized its dominant position in the tungsten market to send a strong message to its trading partners, particularly in the context of the escalating tensions with the United States. This development marks a significant turning point in international trade relations, particularly as nations vie for critical minerals essential for high-tech manufacturing and defense capabilities.

Federal Reserve's Diversity Initiative Faces Scrutiny Amidst Powell's Leadership

22 days ago

The Federal Reserve, under the stewardship of Chairman Jerome Powell, is currently navigating turbulent waters as criticism mounts over its diversity and inclusion initiatives. This comes as the nation grapples with broader conversations on equity, race, and representation in various sectors. The Fed’s recent commitment to fostering a more diverse workforce is facing harsh judgment from some factions who argue that it reflects a misplaced focus at a time when economic concerns are paramount.

Big Changes at Airbus: Major Job Cuts Expected, Particularly in the Space Division

3 months ago

Airbus, one of the leading names in the aerospace industry, has announced plans to implement significant job cuts that are anticipated to affect approximately 2,000 employees. This substantial reduction is believed to primarily impact the company's space division, which has been facing various challenges in recent months.

Ghana's Cedi Strengthens for Second Consecutive Day Following Central Bank Intervention

3 months ago

The Ghanaian cedi has experienced a notable rebound against the US dollar, marking its second consecutive day of appreciation. This positive momentum comes after coordinated efforts by the Bank of Ghana, which injected a significant amount of capital into the foreign exchange market by selling $214 million. This strategic move aims to stabilize the cedi amidst ongoing volatility.

Bank of America Mandates Arbitration for Workplace Disputes

4 months ago

In a significant policy shift, Bank of America (BofA) has declared that its U.S. employees must resolve workplace disputes through arbitration rather than through court proceedings. This new directive marks a shift towards binding arbitration, which separates employees from traditional lawsuits and may limit their legal recourse in cases of workplace grievances.